EUR/USD- In a Support Zone- Price Could bounce back up
The EUR/USD has entered in a support zone on a 4 hour time frame. The volatility for the price is high, as the price has pierced the Bollinger band and it is trading away from its 20 day moving average. The piercing of the Bollinger band does have a significant importance when this takes place at a resistance/support zone, because this is an ability to stop the upward/downward move or reverse the trend.
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